35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

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Summary

PE Ratio*
Highest 84.59
Median 16.59
Lowest 4.19
IPO Size (Cr.)
Highest 18300.00
Median 1,595.04
Lowest 22.50
  1. *IPOs with Extreme PE (100+) are excluded from the above calculations.
  2. Above summary is for reference only as the same is based on the limited data set.

Mainboard IPOs in New Delhi

Mainboard IPOs by City offer detailed insights into companies listed across cities like Mumbai, Delhi, Bangalore, Hyderabad and others. Tracking IPO performance by geography helps IPO analysis of city-specific trends in fund-raising and market growth. This feature also facilitates analysis by peers based on their IPO valuations and listing gains across different regions.

Company Name IPO Year (Listed) IPO Size (Cr.) Sector P/E City Offer price CMP (BSE)
One Mobikwik Systems Limited Dec 2024 572.00 Banking and Finance - FinTech -86.75 New Delhi 279.00 318.35
Enviro Infra Engineers Limited Nov 2024 650.43 Infrastructure 21.10 New Delhi 148.00 240.55
NTPC Green Energy Limited Nov 2024 10000.00 Power and Energy 259.56 New Delhi 108.00 104.62
Niva Bupa Health Insurance Company Limited Nov 2024 2200.00 Insurance -177.74 New Delhi 74.00 75.08
ACME Solar Holdings Limited Nov 2024 2900.00 Solar 3147.37 New Delhi 289.00 190.76
Deepak Builders & Engineers India Limited Oct 2024 260.04 Infrastructure 16.63 New Delhi 203.00 152.40
ECOS (India) Mobility & Hospitality Limited Sep 2024 601.20 Corporate Solutions 32.05 New Delhi 334.00 191.14
Interarch Building Products Limited Aug 2024 600.29 Steel 17.36 New Delhi 900.00 1489.00
Unicommerce eSolutions Limited Aug 2024 276.57 Information Technology - SaaS 84.59 New Delhi 108.00 116.77
Akums Drugs and Pharmaceuticals Limited Aug 2024 1856.74 Pharmaceutical 29.79 New Delhi 679.00 494.95
Bansal Wire Industries Limited Jul 2024 745.00 Metal 50.86 New Delhi 256.00 334.95
Le Travenues Technology Limited Jun 2024 740.10 Online Service Provider 41.12 New Delhi 93.00 143.41
Awfis Space Solutions Limited May 2024 598.93 Corporate Solutions 0.00 New Delhi 383.00 663.55
TBO Tek Limited May 2024 1550.81 Travel and Tourism 48.60 New Delhi 920.00 1479.45
Bharti Hexacom Limited Apr 2024 4275.00 Telecom 75.85 New Delhi 570.00 1365.90
Bharat Highways Infrastructure Investment Trust Mar 2024 2500.00 Infrastructure 0.00 New Delhi 100.00 110.99
Entero Healthcare Solutions Limited Feb 2024 1600.00 Healthcare 9.84 New Delhi 1258.00 1260.25
BLS E-Services Limited Feb 2024 310.91 Corporate Solutions 24.85 New Delhi 135.00 168.78
EPACK Durable Limited Jan 2024 640.05 Electric Equipments - OEM 47.00 New Delhi 230.00 367.40
India Shelter Finance Corporation Limited Dec 2023 1200.00 Banking and Finance 8.96 New Delhi 493.00 670.05
Indian Renewable Energy Development Agency Ltd Nov 2023 2150.21 Power and Energy 127.00 New Delhi 32.00 170.20
ASK Automotive Limited Nov 2023 834.00 Automobile 12.30 New Delhi 282.00 431.85
Honasa Consumer Limited Nov 2023 1701.44 Healthcare - Personal Care 25.03 New Delhi 324.00 225.40
Plaza Wires Limited Oct 2023 71.28 Cables and Wires 0.00 New Delhi 54.00 59.39
Signatureglobal (India) Limited Sep 2023 730.00 Real Estate 0.00 New Delhi 385.00 1104.45
SAMHI Hotels Limited Sep 2023 1370.10 Hotels and Resorts 0.00 New Delhi 126.00 151.96
EMS Limited Sep 2023 321.24 ESG - Waste 0.00 New Delhi 211.00 633.15
Yatharth Hospital and Trauma Care Services Limited Aug 2023 686.55 Healthcare - Hospitals and Clinic 0.00 New Delhi 300.00 385.30
IKIO Lighting Limited Jun 2023 606.50 Electric Equipments 0.00 New Delhi 285.00 172.24
Mankind Pharma Limited May 2023 4326.36 Pharmaceutical 0.00 New Delhi 1080.00 2364.55
Uniparts India Limited Dec 2022 835.61 Engineering 12.89 New Delhi 577.00 335.25
Global Health Limited Nov 2022 2205.57 Healthcare - Hospitals and Clinic 38.36 New Delhi 336.00 1149.35
Fusion Micro Finance Limited Nov 2022 1103.99 Banking and Finance 12.33 New Delhi 368.00 162.55
Dreamfolks Services Limited Sep 2022 562.10 Information Technology - Data Solutions 104.82 New Delhi 326.00 273.75
Delhivery Limited May 2022 5235.00 Logistics 0.00 New Delhi 487.00 276.00
Campus Activewear Limited May 2022 1400.14 Footwear 78.49 New Delhi 292.00 271.60
C.E. Info systems limited Dec 2021 1039.61 Information Technology - SaaS 58.79 New Delhi 1033.00 1680.55
Rategain Travel Technologies Limited Dec 2021 1335.74 Information Technology - SaaS 0.00 New Delhi 425.00 495.90
One 97 Communications Limited Nov 2021 18300.00 Banking and Finance - FinTech 0.00 New Delhi 2150.00 744.70
Devyani International Limited Aug 2021 1838.00 FMCG - Snacks and Beverages 0.00 New Delhi 90.00 168.56
Zomato Limited Jul 2021 9375.00 Online Service Provider 0.00 New Delhi 76.00 234.10
Sona BLW Precision Forgings Limited Jun 2021 5550.00 Automobile - Forging and Casting 78.86 New Delhi 291.00 509.35
POWERGRID Infrastructure Investment Trust May 2021 7734.99 Infrastructure 0.00 New Delhi 100.00 80.00
Easy Trip Planners Limited Mar 2021 510.00 Online Service Provider 49.87 New Delhi 187.00 12.33
RailTel Corporation of India Limited Feb 2021 819.24 Infrastructure 33.10 New Delhi 94.00 314.40
Brookfield India Real Estate Trust Feb 2021 3800.00 Real Estate 0.00 New Delhi 275.00 286.08
Indian Railway Finance Corporation Limited Jan 2021 4633.38 Banking and Finance 9.00 New Delhi 26.00 124.27
SBI Cards and Payment Services Limited Mar 2020 10354.77 Banking and Finance 45.80 New Delhi 755.00 857.90
Ujjivan Small Finance Bank Limited Dec 2019 750.00 Banking and Finance 17.00 New Delhi 37.00 31.97
IRCTC Limited Oct 2019 645.12 Railway 18.80 New Delhi 320.00 728.30
IndiaMART InterMESH Limited Jul 2019 475.59 Online Service Provider 140.00 New Delhi 973.00 2064.15
Polycab India Limited Apr 2019 1346.00 Cables and Wires 16.75 New Delhi 538.00 5600.10
Rail Vikas Nigam Limited Apr 2019 481.57 Railway 8.64 New Delhi 19.00 376.85
IRCON International Limited Sep 2018 470.49 Infrastructure 10.85 New Delhi 475.00 161.16
TCNS Clothing Co. Limited Jul 2018 1125.13 Textiles 44.00 New Delhi 716.00
RITES Limited Jul 2018 460.51 Chemical 11.00 New Delhi 185.00 213.25
Lemon Tree Hotels Limited Apr 2018 1038.68 Hotels and Resorts 0.00 New Delhi 56.00 133.21
Sandhar Technologies Limited Apr 2018 565.60 Engineering - Automotive 29.00 New Delhi 332.00 360.25
Newgen Software Technologies Limited Jan 2018 424.62 Information Technology 30.00 New Delhi 245.00 1027.70
Indian Energy Exchange Limited Oct 2017 1000.73 Online Service Provider 40.00 New Delhi 1650.00 169.45
Salasar Techno Engineering Limited Jul 2017 35.87 Infrastructure 6.80 New Delhi 108.00 10.82
IndiGrid InvIT Fund Jun 2017 2250.00 Power and Energy 0.00 New Delhi 100.00 141.88
Housing and Urban Development Corporation Limited May 2017 1224.35 Real Estate 14.00 New Delhi 60.00 183.68
S Chand and Company Limited May 2017 728.56 Education 0.00 New Delhi 670.00 169.24
CL Educate Limited Mar 2017 238.95 Education 27.00 New Delhi 502.00 94.78
Sheela Foam Limited Dec 2016 510.00 Furniture 27.00 New Delhi 730.00 757.90
Varun Beverages Limited Nov 2016 1112.50 FMCG - Snacks and Beverages 83.00 New Delhi 445.00 475.90
PNB Housing Finance Limited Nov 2016 3000.75 Banking and Finance 33.00 New Delhi 775.00 810.90
HPL Electric & Power Limited Oct 2016 361.00 Electric Equipments 35.00 New Delhi 202.00 402.00
Dr. Lal PathLabs Limited Dec 2015 638.00 Healthcare 48.00 New Delhi 550.00 2612.85
InterGlobe Aviation Limited Nov 2015 3018.24 Aviation 10.00 New Delhi 765.00 4399.90
PNC Infratech Limited May 2015 488.44 Infrastructure 22.00 New Delhi 378.00 254.85
UFO Moviez Limited May 2015 600.00 Advertising and Media 30.00 New Delhi 625.00 78.06
Ortel Communications Limited Mar 2015 66.11 Telecom 0.00 New Delhi 181.00 1.63
Engineers India Limited Feb 2014 505.40 Engineering - EPC 0.00 New Delhi 150.00 168.29
Power Grid Corporation of India Dec 2013 6958.64 Electric Equipments - Transformers 21.99 New Delhi 85.50 263.05
V-Mart Retail Limited Feb 2013 94.42 Retail - Supermarket 16.36 New Delhi 210.00 3146.75
Bharti Infratel Limited Dec 2012 4155.80 Telecom 14.44 New Delhi 220.00 341.40
PC Jeweller Limited Dec 2012 609.30 Jewellery 10.30 New Delhi 135.00 12.33
National Buildings Construction Corporation Limited Apr 2012 127.20 Infrastructure 22.02 New Delhi 106.00 80.71
PG Electroplast Limited Sep 2011 120.65 Electric Equipments - OEM 18.60 New Delhi 210.00 807.00
Bharatiya Global Infomedia Limited Jul 2011 55.10 Information Technology - Data Solutions 22.97 New Delhi 82.00 4.68
Power Finance Corporation Limited May 2011 4578.20 Banking and Finance 14.44 New Delhi 203.00 384.45
PTC India Financial Services Limited Mar 2011 438.76 Banking and Finance 23.06 New Delhi 28.00 35.22
Punjab & Sind Bank Dec 2010 470.82 Banking and Finance 4.49 New Delhi 120.00 42.84
A2Z Maintenance & Engineering Services Limited Dec 2010 675.00 Engineering - EPC 0.00 New Delhi 400.00 17.68
Cantabil Retail India Limited Oct 2010 105.00 Textiles 0.00 New Delhi 135.00 258.85
Tirupati Inks Limited Oct 2010 51.50 Packaging & Disposables 5.93 New Delhi 43.00
Indosolar Limited Sep 2010 357.00 Solar 0.00 New Delhi 29.00
Engineers India Limited Aug 2010 959.65 Engineering - EPC 21.99 New Delhi 290.00 168.29
Jaypee Infratech Limited May 2010 1650.00 Infrastructure 68.40 New Delhi 102.00
NTPC Limited Mar 2010 8480.10 Power and Energy 20.49 New Delhi 201.00 314.80
Rural Electrification Corporation Limited Mar 2010 3530.04 Power and Energy 0.00 New Delhi 203.00 395.65
Jubilant Foodworks Limited Feb 2010 328.72 FMCG 125.00 New Delhi 145.00 709.45
Den Networks Limited Nov 2009 364.46 Cables and Wires 0.00 New Delhi 195.00 34.30
Indiabulls Power Limited Oct 2009 1529.10 Power and Energy 71.43 New Delhi 45.00 9.84
Globus Spirits Limited Sep 2009 75.00 FMCG - Snacks and Beverages 4.52 New Delhi 100.00 853.20
Rural Electrification Corporation Limited Mar 2008 1639.26 Power and Energy 10.55 New Delhi 105.00 395.65
Cords Cable Industries Limited Feb 2008 41.65 Cables and Wires 18.29 New Delhi 135.00 179.60
Rathi Bars Limited Nov 2007 25.00 Steel 4.19 New Delhi 35.00 37.17
Religare Enterprises Limited Nov 2007 140.16 Banking and Finance 72.73 New Delhi 185.00 227.80
Power Grid Corporation of India Limited Oct 2007 2984.45 Electric Equipments - Transformers 15.40 New Delhi 52.00 263.05
Magnum Ventures Limited Sep 2007 52.92 Paper and Stationery 7.23 New Delhi 30.00 32.12
Insecticides India Limited May 2007 36.92 Chemical - Pesticides 4.35 New Delhi 115.00 577.85
Fortis Healthcare Limited May 2007 496.76 Healthcare - Hospitals and Clinic 0.00 New Delhi 108.00 603.10
ICRA Limited Apr 2007 85.18 Banking and Finance 23.01 New Delhi 330.00 5982.05
AMD Metplast Limited Mar 2007 76.25 FMCG - Snacks and Beverages 16.63 New Delhi 75.00 45.75
Oriental Trimex Limited Mar 2007 48.00 Ceramic and Stone - Marble, Tiles and Granite 7.52 New Delhi 48.00 10.63
C & C Constructions Limited Feb 2007 124.24 Infrastructure 0.00 New Delhi 291.00
Power Finance Corporation Limited Feb 2007 997.19 Banking and Finance 10.30 New Delhi 85.00 384.45
House of Pearl Fashions Limited Feb 2007 329.17 Textiles 0.00 New Delhi 550.00 1455.70
Global Broadcast News Limited Feb 2007 105.00 Advertising and Media 0.00 New Delhi 250.00 45.27
Gulshan Sugars & Chemicals Limited Dec 2006 26.40 Chemical 8.70 New Delhi 40.00
L.T. Overseas Limited Dec 2006 39.40 Agro 7.23 New Delhi 56.00
Parsvnath Developers Limited Nov 2006 997.14 Real Estate 7.21 New Delhi 300.00 22.45
Info Edge India Limited (Naukri.com) Nov 2006 170.36 Online Service Provider 0.00 New Delhi 320.00 7595.05
Global Vectra Helicorp Limited Oct 2006 64.75 Infrastructure 25.20 New Delhi 200.00 251.50
Fiem Industries Limited Oct 2006 56.17 Automobile 13.48 New Delhi 137.00 1383.15
Richa Knits Limited Oct 2006 22.50 Textiles 5.89 New Delhi 30.00 1.70
Action Construction Equipment Limited Sep 2006 59.80 Engineering - Heavy Machinery 11.02 New Delhi 130.00 1192.90

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SME IPO

Upcoming SME IPOs in India

The below mentioned are the forthcoming SME IPOs for which DRHPs have been filed recently and are in process of approval by the BSE SME or NSE Emerge exchange.

See more >

*The Revenue and PAT figures mentioned above are on the Annualised basis.

FAQs

Mainboard IPO

To list on the NSE for a Mainboard IPO, a company must have ₹10 crore paid-up capital, ₹25 crore market capitalization, a 3-year track record, and comply with legal requirements, with no insolvency or debt defaults.

To list on the BSE, the company must have ₹10 crore paid-up capital, raise at least ₹10 crore in the IPO, and have a ₹25 crore market capitalization post-issue.

For more details, please refer to Link https://www.ipoplatform.com/blogs/difference-between-mainboard-and-sme-ipo/127

SME IPO 

To list on NSE Emerge and BSE SME, a company’s post-issue capital should not exceed to Rs 25 crore a 3-year track record, and profit in 2 of the last 3 years. The company must have, ₹1 crore net worth, ₹3 crore net tangible assets, and at least 1 year of operating profit or a 3-year track record from its predecessor.

For details on NSE SME eligibility, refer to Link https://www.ipoplatform.com/blogs/nse-sme-eligibility-criteria/135

For details on BSE SME eligibility criteria, refer to link https://www.ipoplatform.com/blogs/bse-sme-eligibility-criteria/134

Valuation of a company for an IPO depends on several factors, including:

  • Revenue: Positive revenue often leads to positive profit (PAT), affecting the P/E ratio.
  • Growth Potential: A company’s ability to expand revenue and profits based on market demand and strategies.
  • Market Conditions: The overall market environment at the time of the IPO.
  • Industry: The company’s industry and its trends, which influence the P/E multiple and valuation.

Learn More

  • IPO process includes filing DRHP which gives details on the utilizations of the funds in its objects of offer section. Generally, the funds are utilized towards working capital, capital expansion and repayment of debt.

When a company raises funds through an IPO (Initial Public Offering), following things should be kept in mind;

  1. Separate Bank Account: All the money raised from the IPO must be kept in a separate bank account.
  2. Usage of Funds: The company must clearly show how the raised money was spent in its financial reports, including the purpose of each expenditure.
  3. Unutilized Funds: If any money from the IPO is not used, the company must disclose where and how those funds are being kept or invested.

The merchant banker must have to provide the details of utilization to SEBI. 

IPO advisors or SME IPO Consultants play a crucial role in guiding the company through the IPO process. They assist with structuring the offering, preparing necessary documentation, IPO pricing with fair valuations, ensuring regulatory compliance, due diligence activity, and helping market the IPO to potential investors. Their expertise ensures a smooth and successful public listing.

IPO platform in India provides information on upcoming IPOs on NSE Emerge and BSE SME and list of merchant bankers and anchor investors. Role of IPO advisor is important in the success of the listings. 

Understand the role of IPO Advisors

Pre IPO-Issue also has to comply with SEBI ICDR regulations.

A pre-IPO company might get eventually listed on NSE Emerge, BSE SME or mainboard platform of the stock exchanges by fulfilling the NSE/BSE eligibility criteria. Best Merchant Bankers in India have the role and responsibility for launching IPO.

For further details refer this link https://www.ipoplatform.com/blogs/what-is-pre-ipo-investment-and-role-of-ipo-advisors/142